Previous close | 701.70 |
Open | 697.40 |
Bid | 670.00 x 0 |
Ask | 717.00 x 0 |
Day's range | 692.30 - 714.60 |
52-week range | 572.90 - 725.20 |
Volume | |
Avg. volume | 38,884,761 |
Market cap | 131.005B |
Beta (5Y monthly) | 0.56 |
PE ratio (TTM) | 7.57 |
EPS (TTM) | 0.92 |
Earnings date | 31 Jul 2024 |
Forward dividend & yield | 0.49 (6.95%) |
Ex-dividend date | 09 May 2024 |
1y target est | 8.03 |
(Bloomberg) -- Ping An Insurance Group Co. is weighing options that would allow it to reduce its 8% stake in HSBC Holdings Plc, according to people familiar with the matter. Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Is Trading Near Historic 40,000 Mark: Markets WrapWith a BlackRock CEO, $9 Trillion Vanguard Braces for Turbu
The Chinese insurance giant, which emerged as a major shareholder in HSBC in 2017 through its asset management arm and has had a tumultuous relationship with the lender in the recent past, has been offloading shares in the London-headquartered banking group. It has sold HSBC shares worth $50 million so far this month and the report adds Ping An is considering selling more as it looks to cut its $13.3 billion stake in the lender. Ping An had been pushing the lender to implement a slew of reforms, including spinning off its Asia business.
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